Funding Insurance Education
Education Report Scholarship/Awards
Many in the industry acknowledge the importance and necessity of attracting new talent to insurance careers. Yet, one of the biggest obstacles for young adults, new immigrants, aboriginals and second-career prospects — the four cohorts the Insurance Institute of Canada identified as the key sectors for succession and growth within the industry — is that finding the funds for an education can be overwhelming. Thankfully, there are many generous individuals and companies who realize the importance of insurance industry education — this generosity translates into thousands of dollars in scholarships. Below is a selection of scholarships available to students studying insurance in Canada. If you know of a scholarship that is not included in the list, please contact CI’s editor, Romana King, at romana.king@rci.rogers.com. Also, visit www.cdnins.com/education to find courses and designation programs offered across Canada.
Scholarship/Award – Administered By | Eligibility | Receive | Deadline for Application |
Advocis Calgary Scholarship in Risk Management and Insurance (Offered at the Haskayne School of Business at the University of Calgary) | Must be enrolled in an insurance program. | $2,000 | Apply at: http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is August 1, 2010. |
Anthony Thibaudeau Undergraduate Bursaries (Offered at the Haskayne School of Business at the University of Calgary) | Must be enrolled in an insurance program. Selection is based on academic merit, with a minimum 2.6 GPA, and financial need. | $2,000 | Apply at: http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is August 1, 2010. |
Anthony T. Chmiel Memorial Scholarship (Offered by the Old Republic Insurance Company) | This scholarship is awarded to a student that excels. It is not restricted by a student’s year of study. | $1,000 | Annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Aon Reed Stenhouse Inc. Bursary in Risk Management and Insurance (Offered at the Haskayne School of Business at the University of Calgary) | Must be enrolled in an insurance program. | $4,000 | Apply at http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is August 1, 2010. |
Aviva Canada Performance Scholarship (Offered by Aviva Canada) | Only available to students currently enrolled in and pursuing a career as a Chartered Insurance Professional. It is awarded to the student with the highest grades in their program. Also, recipients must have an employment offer as a claims advisor. | $2,750 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Aviva Canada Progress Scholarship (Offered by Aviva Canada) | This scholarship is awarded to the student who has made the most progress from 2nd semester to 4th semester. Recipients must have an employment offer as a claims advisor. | $550 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Aviva Insurance Company of Canada Scholarship (Offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $1,000 | Awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. |
A.V. (Tony) Thibaudeau and Insurance Institute of Northern Alberta Scholarship (Offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $750 | Awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. Deadline is May 16, 2010. |
Brian Greenslade Scholarship (Offered by the Independent Brokers Association of Ontario) | This scholarship is open to all Ontario university/college students with a minimum of two years (second year) enrollment in an insurance or business management/economics program and whose RIBO licensed parent is employed in an Aviva Pilot Insurance brokerage. The award is based on scholastic standing, community involvement and the desire to work in the insurance industry upon completion of their studies. A preference will be given to students with prior insurance work experience (i.e. part-time, contract, summer, etc). | $2,000 | To apply click here. Deadline is August 31st of each calendar year (Aug. 31, 2010). |
Canadian Insurance Claims Education Benevolent Foundation Scholarship (Offered by the Canadian Independent Adjusters Association) | Must be enrolled in an insurance program. | $500 | Download application at ciaa-adjusters.ca/content/edusco.asp or contact CIAA at 1-877-255-5589, Tel: (416) 621-6222, or E-mail: info@ciaa-adjusters.ca. Deadline is July 31, 2010. |
Chubb Insurance Company Bursary (Offered at Queen’s School of Business and Queen’s University) | Must be enrolled in an insurance program. | Not stated. | Apply at http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is June 15, 2010. |
CIBC Canadian Imperial Bank of Commerce Bursary (Offered by CIBC) | Must be enrolled in an Insurance, Business Management or Accounting program. | three awards of $500 | Apply online at http://www.mohawkcollege.ca/Discover/FinAsst.html. Deadline is August 1, 2010 and January 2011. |
CIP Society Hamilton/Niagara Chapter `Scholarship (Offered by Insurance Institute of Ontario) | Students must be in good standing, academically. | $600 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Co-operators Scholarship (Only offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $500 | This scholarship is awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. Deadline is January 30, 2010. |
Cowan Foundation Bursary (Offered by Cowan Foundation) | Must be enrolled in an insurance program. The student must be able to prove a financial need for the bursary. And be able to meet the academic standards of their post-secondary school. Only for Canadian citizens or landed immigrants. | two awards of $600 | Apply online at http://www.mohawkcollege.ca/Discover/FinAsst.html. Deadline is August 1, 2010 and January 2011. |
Dan Lawrie Insurance Brokers Ltd. Merit Bursary (Offered by Dan Lawrie Insurance Brokers Ltd.) | This bursary is awarded to students who show promise and leadership. The student has to prove a high academic standing and a need for financial assistance. And the student must be in their second year of study in a program focused on the insurance sector. | $750 | Apply online at http://www.mohawkcollege.ca/Discover/FinAsst.html. Deadline is August 1, 2010 and January 2011. |
Drayden Insurance Ltd. Scholarship (Only offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $1,000 | This scholarship is awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. Deadline is May 16, 2010. |
Economical Insurance Group Award (Only offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $750 | Apply at http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is June 11, 2010. |
E.G. (Ted) Smith Bursary (Offered at the Haskayne School of Business at the University of Calgary) | Must be enrolled in an insurance program. | $700 | Apply at http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is August 1, 2010. |
George L. McVety C.L.U. Bursary (Offered at the Haskayne School of Business at the University of Calgary) | Must be enrolled in an insurance program. | $800 | Apply at http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is August 1, 2010. |
Great-West Life Business Education Scholarship (Offered at the Haskayne School of Business at the University of Calgary) | Must be enrolled in an insurance program. | $1,000 | Apply at http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is August 1, 2010. |
Hamilton Chapter Scholarship (Offered by Ontario Insurance Adjusters Association) | Awarded to a student who has proven to be a positive role model. | $500 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
HB Group Insurance Management Limited Scholarship (Offered by HB Group Insurance Management Limited) | Awarded to students in their first and second year of an insurance program in a post-secondary school. The student must have 75% grade point average or better. | $625 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
IBAO Past Presidents’ Scholarship (Offered by IBAO) | Available to a student enrolled in an accredited post-secondary institution (no geographic limitation). The student must be the child of a full member (not affinity member) of IBAO. Ranking Criteria: (1) academic standing – transcript required; (2) community service; (3) extracurricular activities/achievements. | $2,500 | Awarded annually at the Education Awards Luncheon at IBAO’s annual convention. Focus will be on candidates interested in working in the insurance industry. |
ING Canada Scholarship (Only offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $1,000 | Awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. No deadline. |
Insurance and Risk Management Scholarship (Only offered at Grant MacEwan University) | Must be enrolled in an insurance program and a continuing student. | $500 | Awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. No deadline. |
Insurance and Risk Management Scholarship (Only offered at Grant MacEwan University) | Must be enrolled in an insurance program and a new entrant to the program. | $1,000 | Awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. Deadline is May 16, 2010. |
Insurance Brokers Association of Hamilton Scholarship (Offered by Insurance Brokers Association of Hamilton) | Students must be in good standing, academically. | $275 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Insurance Brokers Association of Hamilton Scholarship (Offered at Mohawk College of Applied Arts and Technology) | Must be enrolled in an insurance program. | $250 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Insurance Institute of Ontario Scholarship Fund (Offered at Wilfrid Laurier University) | Must be enrolled in an insurance program. | $1,350 | Contact the Insurance Institute at 416-362-8586 or by email at: IIOmail@insuranceinstitute.ca. Deadline is September 30, 2010. |
Insurance Institute of Saskatchewan Scholarship (Offered at the Haskayne School of Business at the University of Calgary) | Offered annually to a continuing undergraduate student-must be enrolled in an insurance program. | $1,000 | Contact the Insurance Institute of Saskatchewan for more details: 306-525-9799. |
James E. Bonnay Scholarship (Offered by Mohawk College of Applied Arts and Technology) | Students must be in good standing, academically. | $125 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Jim and Doris Garner Memorial Bursary (Offered at the University of Calgary and administered by The Calgary Foundation) | Offered annually to a continuing undergraduate student enrolled in an insurance program with a risk management focus. | $2,500 | Apply at http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. Deadline is August 1, 2010. |
John E. Lowes Scholarship (Offered by Insurance Institute of Canada at Fanshawe College, Mohawk College, Wilfrid Laurier University and University of Calgary) | Available to Ontario residents pursuing post-secondary education which includes the study of P&C insurance. Selection is based on outstanding academic excellence throughout the applicant’s high school and post-secondary (as appropriate) career, exceptional contribution to school, community life and/or other meaningful pursuits, major accomplishments and strong indication of academic promise. | Not stated. | Awarded to members of the CIP Society interested in an FCIP designation. It is also awarded to CIP dependants enrolled in a post-secondary insurance program. Apply at Insuranceinstitute.ca/insuranceeducation/Default.aspx?DN=121&pg=Scholarships. Deadline is May 31, 2010. |
John E. Lowes Insurance Education Fund (Offered at the University of Calgary and Wilfrid Laurier University) | Must be enrolled in an insurance program. | $2,000 | This award is for students involved in their community who are interested in a career in insurance. Visit ucalgary.ca/pubs/calendar/2003pdf/OutsideAwards.pdf or fanshawec.ca/newsletter/2006/22/12.asp. |
John E. Lowes Scholarship (Offered at Mohawk College of Applied Arts and Technology) | Must be enrolled in an insurance program. | $1,000 | Deadline is June 15, 2010. |
J.R. Wilkins Memorial Scholarships (Offered by Grant MacEwan University) | Must be enrolled in an insurance program. | $1,000 | Awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. No deadline. |
Lea Algar Award for Scholastic Excellence | Awarded to students in their second year of study. They must be in good standing and be involved in their community. | $500 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
London Life Insurance Company Award (Offered by The University of Western Ontario) | Must be enrolled in an insurance program. | $250 | Awarded to students in an insurance program. For more information visit www.uwo.ca/finance/ or call 519-661-2111. |
Loyalist Insurance Brokers Ltd. Scholarship (Offered by Loyalist Insurance Brokers Ltd.) | Awarded to the student with the highest grade point average of two years. | $200 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Marian Mayor Memorial Scholarship (Offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $1,000 | This scholarship is awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. No deadline. |
Niagara Chapter Scholarship (Offered by Ontario Insurance Adjusters Association) | Awarded to a student who has proven to be a positive role model. | $100 | It is awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Northern Alberta Risk and Insurance Management Society Bursary (Offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $1,000 | This scholarship is awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. Deadline is April 11, 2010. |
North Waterloo Farmers Mutual Insurance Company Scholarship (Offered by North Waterloo Farmers Mutual Insurance Company) | Students must be in good standing, academically. | $500 | It is awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Pearson Dunn Insurance Scholarship (Offered by Pearson Dunn Insurance) | Awarded to a student who displays commitment to a career or program in the insurance sector. Must have a 75 per cent GPA. | $1,000 | It is awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Reed Leary Memorial Bursary sponsored by A.A.I.A. (Offered at Grant MacEwan University) | Must be enrolled in an insurance program. | $500 | This Scholarship is awarded annually to students in an insurance program. |
Royal & SunAlliance Canada Scholarship (Offered at the Haskayne School of Business at the University of Calgary) | Must be enrollled in an insurance program. | $3,000 | Apply at http://haskayne.ucalgary.ca/haskayneundergrad/bcomm/awards. No deadline. |
Royal & SunAlliance Canada Scholarship (Offered by Royal & SunAlliance Canada) | Awarded to a student who shows leadership and commitment. Must have a 75 per cent GPA. | $1,000 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Sal Bagazzoli Scholarship (Offered by Acumen Insurance Group Inc.) | This scholarship is open to Ontario university/college students in their second year of study with a high academic standing. The applicant must also be involved in their community. The winner is selected by faculty. | 2 awards of $500 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Seldon Peacock Memorial Scholarship (Offered by Dan Lawrie Insurance Brokers Ltd.) | Awarded to the student who displays enthusiasm for the insurance industry. | $250 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Sergent Marc Leger Memorial Bursary (Offered by AAIA at Grant MacEwan University) | Must be enrolled in an insurance program. | $500 | Awarded annually by faculty at Grant MacEwan University. Deadline is May 16, 2010. |
Service Master Bursary (Offered by Service Master at Grant MacEwan University) | Must be enrolled in an insurance program. | $500 | This scholarship is awarded annually to students in an insurance program. Learn more at http://www.macewan.ca/web/services/src/services/DetailsPage.cfm?id=659&utm_source=scholarships&utm_medium=redirect. Deadline is May 16, 2010. |
Steve Childs Memorial Scholarship (Offered by Dan Lawrie Insurance Brokers Ltd.) | The student who wins this award will have displayed a passion for the insurance industry. He or she is an ethical leader. | $250 | Awarded annually by faculty at Mohawk College of Applied Arts and Technology. Contact the financial aid office at Mohawk College at 905-575-2133. |
Young Brokers Council Scholarship (Offered by YBC/IBAO) | Available to a full-time student in an Ontario Business Insurance program at an accredited post-secondary institution (college or university including Laurier). Ranking criteria: | $2,500 | This scholarship is awarded once annually at the Education Awards Luncheon at the IBAO Convention. Focus is on candidates interested in working in the insurance industry. Register at: ibao.org/html/eNews/2008-May-21/pdf/2008_Award_of_Excellence_Affiliate_Award.pdf |
© Copyright 2010 Rogers Publishing Ltd. This article first appeared in the February 2010 edition of Canadian Insurance magazine.



